LIFE AND DISABILITY Coverage

Are You Covered?

When financing a car it is
important to ensure that you are protected in the event of unexpected
circumstances. In the same way that you would insure a financed or
leased vehicle with additional collision insurance, credit life and
disability insurance are two additional ways that you can ensure you are
protected in nearly any event.

Ask yourself what
might happen if you were suddenly unable to work due to a short term
disability or illness? Would the financial obligation of your financed
car be left to dependants if you were to pass away? When financing a
car, or indeed taking any loan, these are important considerations in
ensuring that you have a safety net in case of unforseen events.

Credit Life insurance

This covers your
dependants in the event of an untimely death and leaves them with a paid
in full asset, rather than a liability. You are covered for the
duration of the loan, but you can choose shorter term coverage. When a
claim is made, the balance of the loan at the the date of death is paid
to the creditor directly. A few simple health questions may be asked,
but no medical exam is required. Get in touch with us to learn
more.

Disability Insurance

This
protects you in the event of an extended disability. Coverage is made
available regardless of where the injury takes place (work, home etc).
If you become sick or injured for an extended period and are unable to
earn an income, then your loan will be paid directly to the creditor,
subject to the terms and conditions of the policy. You can use this
coverage as many times as is necessary during the life of your loan. Get
in touch with us to learn
more.

The financing
department at Sherwood Park Hyundai offers help with credit life and disability
coverage for your car loan. Even more good news is that these programs
have several advantages over other types of insurance. Below are just a
few examples.

Your claim payments are never taxed and they
are paid directly to your lender. These payments never need to be
repaid.

The benefit
payments of these plans are paid over and above any other insurance
coverage you may have.

Premiums are only based on the financed
amount of your vehicle, not age or any other personal factor.

You do not need a medical
exam.

We do not
restrict coverage to any occupation.

You can easily enroll in this program and
participation is voluntary. Coverage begins at the time your financing
commences, so the premiums can easily be financed along with your
vehicle purchase.

These
benefits are available to both the main driver and the cosigner if one
is present on the loan.

You can customize the coverage in these
loans to suit your individual needs.

"Everyone at Sherwood Park Hyundai is great! I was greeted by a lovely woman named Cindy, she quickly called on Jessi who showed me around the lot. He went above and beyond to show me exactly what I was looking for. Chris stepped in and helped me decide on which car was best suited for me."- John

I walked in the door and was test driving the car I was interested in, in under 10 minutes. Shelley was very friendly and was not a pushy salesman. Very easy to talk to and listened to my requests. Brian was very knowledgeable when it came time to do the financing and talk about extended warranty and protection plans. Overall a great experience.- jamie157